In Terms of the Various Modes of Entry into a Foreign

question 33

True/False

In terms of the various modes of entry into a foreign market,franchising is employed primarily by service firms,whereas licensing is pursued primarily by manufacturing firms.

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Definitions:

Income Rankings

A hierarchy or classification of incomes, from the lowest to the highest.

Productivity

The quantity of goods and services produced from each unit of labor input.

Productivity

A measure of the efficiency of production, often calculated as the ratio of outputs produced to inputs used.

Income Per Person

The average amount of money earned by an individual in a specific area or country, often used to measure economic well-being.